Blue Owl Capital (NYSE:OWL) Sets New 12-Month Low – What’s Next?

Blue Owl Capital Inc. (NYSE:OWL) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $9.56 and last traded at $9.67, with a volume of 6432245 shares changing hands. The stock had previously closed at $9.89.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on OWL shares. Barclays reaffirmed an “equal weight” rating and issued a $11.00 target price (down from $15.00) on shares of Blue Owl Capital in a report on Monday, March 2nd. Zacks Research lowered Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Raymond James Financial reiterated a “strong-buy” rating on shares of Blue Owl Capital in a research note on Thursday, February 19th. The Goldman Sachs Group decreased their target price on Blue Owl Capital from $16.25 to $14.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.00.

Blue Owl Capital Price Performance

The company has a fifty day moving average price of $13.43 and a two-hundred day moving average price of $15.41. The company has a market capitalization of $14.97 billion, a P/E ratio of 96.31, a PEG ratio of 0.82 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Blue Owl Capital had a return on equity of 20.93% and a net margin of 2.75%.The company had revenue of $701.47 million during the quarter, compared to the consensus estimate of $712.75 million. As a group, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 20th were given a $0.225 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.90 annualized dividend and a yield of 9.3%. Blue Owl Capital’s payout ratio is currently 900.00%.

Hedge Funds Weigh In On Blue Owl Capital

Several institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in shares of Blue Owl Capital by 117.0% in the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after buying an additional 867 shares in the last quarter. Arax Advisory Partners purchased a new stake in Blue Owl Capital in the 4th quarter worth approximately $25,000. Toronto Dominion Bank purchased a new stake in Blue Owl Capital in the 4th quarter worth approximately $26,000. Roxbury Financial LLC boosted its holdings in Blue Owl Capital by 383.6% in the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after purchasing an additional 1,400 shares during the period. Finally, Lavaca Capital LLC bought a new position in shares of Blue Owl Capital in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

About Blue Owl Capital

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.